WTI Possible Bullish Gartley on the 4HR and Daily Charts
It seems WTI Crude Oil could be forming a Bullish Gartley Harmonic Pattern on the 4 Hourly and daily charts as price action has just pinned the Water (50 EMA) where it seems it has completed a pullback Fibonacci. It is possible to expect a continuation of more upward moves towards the Bullish Gartley Harmonic Confirmation Area where a SHORT can be taken to both Harmonic Targets #1 and #2.
Although TDI shows the position still close to the middle of the bands and an overall central position, widening of the bands has occurred and seems to indicate the probability of more upwards movement towards the Harmonic confirmation area.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Although TDI shows the position still close to the middle of the bands and an overall central position, widening of the bands has occurred and seems to indicate the probability of more upwards movement towards the Harmonic confirmation area.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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